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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (7301)	2/12/1998 12:21:00 AM
From: Zebra 365	Read Replies (2) \| Respond to of 27307

If all the shorts cover, who will support the price of YHOO at 65? Zebra

To: craig crawford who wrote (7301)	2/12/1998 4:55:00 PM
From: Michael Collings	Read Replies (1) \| Respond to of 27307

Craig: I didn't go long, just covered half my short and sold a call which effectively leaves me short. I was looking for a way to cover my loss and raise the basis of my short. No capitulation here. If the stock gets squeezed at this point I will short more at a higher price. In effect I just raised my short price to 67 on shares that I was short at 57 1/2. If the stock drops from here I still have a short position at 69 and 70 but I won't make anything on the shares I covered on except the $7 premium. I doubt there's a ton of capitulation going on other than it is getting tiresome to be in a stock that is going nowhere, neither up nor down, while the rest of the market has gone wild.